The 2006 Sleepy Portfolio Report Card
The Sleepy Portfolio had another stellar year posting total returns of 14.7%. The big winners were emerging markets (up 22.7%) followed by Canadian REITs, US small-cap, Canadian large-cap, EAFE equities, US large-cap, US mid-cap and Canadian small-cap. Just like in 2005, there were no asset classes that ended the year in the negative column. Even Canadian bonds, which lost 1% in value posted total positive returns.
As I noted in my previous post, our personal portfolios returned 9.5% over the year, dragged down by losses in Loblaws (TSX: L, down 10%), CGI Group (TSX: GIB.A, down 9%), EPCOR Power (TSX: EP.UN, down 7.5%) and a few other small-cap names.